Military expenditure in local currency rose 0.510% to PYG 1,956 bil in Paraguay in 2017, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Paraguay reached an all time high of PYG 2,012 bil in 2015 and an all time low of PYG 0.873 bil in 1960. When compared to Paraguay's main peers, military expenditure in local currency in Argentina amounted to ARS 90.4 bil, BOB 3.98 bil in Bolivia, BRL 93.1 bil in Brazil and CLP 3,480 bil in Chile in 2017.
Paraguay has been ranked 13th within the group of 151 countries we follow in terms of military expenditure in local currency, 1 place below the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Argentina | ARS bil | 66.6 | 90.4 | 108 | 151 | 200 | ||||||||||||||||
| Bolivia | BOB bil | 3.59 | 3.98 | 4.17 | 4.10 | 3.52 | ||||||||||||||||
| Brazil | BRL bil | 84.5 | 93.1 | 103 | 102 | 101 | ||||||||||||||||
| Chile | CLP bil | 3,247 | 3,480 | 3,557 | 3,646 | 4,189 | ||||||||||||||||
| Paraguay | PYG bil | 1,946 | 1,956 | 2,216 | 2,305 | 2,465 | ||||||||||||||||
| Peru | PEN bil | 8.56 | 8.70 | 8.70 | 9.19 | 9.27 | ||||||||||||||||
| Uruguay | UYU bil | 29.8 | 33.4 | 39.1 | 40.7 | 45.8 | ||||||||||||||||
| Venezuela | VEF bil | 108 | 4,440 | 3,489,538 | 5,391,344,960 | 81,449,000,000 |
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